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Simon Obee from Employment Innovations discusses free downloadable employment contract templates available for Australian businesses. These templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, such as employee classification (permanent or casual), work hours, overtime pay entitlements, notice periods for termination, and modern award coverage. Employers have a legal obligation to provide information regarding award coverage in writing. Without a formal employment contract, these essential details may remain unclear.